Additional Compensation/Benefits Clause Samples
The Additional Compensation/Benefits clause outlines any extra forms of payment or perks provided to an employee or contractor beyond their base salary or standard compensation. This may include bonuses, stock options, health insurance, retirement contributions, or other non-salary benefits specified in the agreement. By clearly defining these additional forms of compensation, the clause ensures both parties understand the full scope of the remuneration package and helps prevent disputes over entitlements.
Additional Compensation/Benefits. The Compensation Committee of the BHI Board, in its sole discretion, will determine any compensation or benefits to be provided to Executive during the Employment Period other than as set forth in this Agreement, including, without limitation, any future grant of stock options or other equity awards.
Additional Compensation/Benefits. The Company Board, in its sole discretion, will determine any compensation or benefits to be provided to Executive during the Employment Period other than as set forth in this Agreement, including, without limitation, any future grant of incentive equity awards.
Additional Compensation/Benefits. The Compensation Committee of the PRGX Board, in its sole discretion, will determine any compensation or benefits to be provided to Executive during the Employment Period other than as set forth in this Agreement, including, without limitation, any future grant of stock options or other equity awards.
Additional Compensation/Benefits. The Company shall pay for Employee’s membership with the Petroleum Club of Dallas. Severance Pay: 1.5 x Base Salary; plus 1.5 x Bonus Target Months of Severance Benefits Continuation (limited to applicable COBRA continuation period): 18 months Severance Pay Period in Months (limited to 20): Up to 20 months CIC Window Period in Months (limited to 18): 12 months CIC Base Salary Multiple: 2.0 x Base Salary CIC Bonus Multiple: 2.0 x Bonus Target Months of CIC Benefits Continuation (limited to applicable COBRA continuation period): 18 months Restriction Period: During employment and for 12 months following any termination of employment. COMPANY EMPLOYEE By: By: Name: Name: Title: Date Signed: Date Signed:
Additional Compensation/Benefits. (1) The Company shall obtain term life insurance coverage on the Consultant's life providing $1 million in death benefits, but subject to the Consultant's satisfactory completion of a physical examination and other aspects of the application process. Death benefits under such coverage shall be payable to the beneficiary named by the Consultant. During the term of this agreement, the Company shall pay the premiums with respect to such policy.
(2) The Company shall make available to Consultant an automobile and shall bear the costs and expenses for the lease, maintenance and insurance of said vehicle in an amount not to exceed $650.00, per month. Consultant shall have the option to lease a vehicle of his own choosing and ▇▇▇▇ the Company for said lease and expenses in an amount not to exceed $650.00.
(3) The Company shall provide Consultant with a cellular phone with unlimited minutes or, in the alternative, at Consultant's option, the Company shall reimburse Consultant for unlimited use of a personal cellular phone, not to exceed $200.00, per month.
(4) The Company shall provide Consultant with a personal desktop computer, monitor and printer, which shall become his personal property upon execution of this Agreement by the Company. Consultant acknowledges receipt of a Sony Vaio Computer, model PCV-RX370DS, and a Relisys LCD monitor and a HP Printer, model 1170CXi, and the Company hereby transfers to Consultant all right, title and interest thereto as of the date hereof.
(5) The Company shall provide health insurance, both medical and dental, and shall, upon receipt of report from Consultant, reimburse Consultant for all medical and dental expenses not covered.
(6) The Company shall bear the cost of providing tax planning services to Consultant.
(7) The Company shall provide business-class air travel and first-class hotel accommodations for authorized business travel by consultant.
Additional Compensation/Benefits. In addition to the Salary, the Club shall provide the Player with such additional amounts or benefits (if any) as are listed on Addendum C according to the schedule(s) therein.
Additional Compensation/Benefits. The Board of Directors of the Company, in its sole and absolute discretion, may at any time and from time to time pay to the Executive such additional incentive payments, bonuses and/or profit sharing distributions, in addition to the compensation provided in Section 3, as the Board of Directors, with the advice of the Compensation Committee, may determine. The stock option and compensation committee of the Company in its sole and absolute discretion may at any time and from time to time award to the Executive such stock options or other stock based pay under the Company's stock option plan or otherwise, in addition to the compensation provided for in Section 3, as such committee or board may from time to time determine. The Executive shall, in any event, be entitled to the continuation of any employee benefits, including life, disability or accident insurance coverage, currently being received by the Executive, and shall be eligible to participate in any plan of the Company available to the employees of the Company and any other plan which may be adopted in the future with respect to employees or executives of the Company or any of its operating divisions if he shall be eligible under the terms of such plan without restriction or limitation by reason of this Agreement. The Executive shall also be entitled to paid vacation for such periods and times as have been heretofore customary for the Executive.
Additional Compensation/Benefits. In consideration for the release contained in this Letter Agreement, the Company agrees to provide you with the following compensation and benefits, which you would otherwise not be entitled to receive:
Additional Compensation/Benefits. 4.1 The Corporation has adopted for its employees an incentive and non-qualified stock option plan (the "Stock Option Plan"). Simultaneously with the execution of this Employment Agreement, ▇.▇. ▇▇▇▇▇▇ shall be granted rights and options ("Options") pursuant to the Stock Option Plan to purchase up to Two Hundred Thousand (200,000) shares of the Corporation's common stock (par value $0.01 per share) ("Option Shares") at a purchase price of Six and 84,375/100,000 Dollars ($6.84375) per share, pursuant to that certain Initial Stock Option Agreement attached hereto as Exhibit A. The Options shall vest and become first exercisable as to thirty-three and thirty-four one hundredths percent (33.34%) on the date hereof and an additional thirty-three and thirty-three one hundredths percent (33.33%) on each of the first two (2) anniversaries of the date hereof; provided, however, that such Options shall become fully vested on the earlier of any termination of ▇.
Additional Compensation/Benefits. ▇▇. ▇▇▇▇ shall also receive the following compensation and/or benefits upon the conclusion of the Study:
a) Her name shall be included as one of the authors of any and all articles quoting data from the Study.
b) She shall receive the Product upon request, and throughout her lifetime, at no charge, for her own personal use.
c) She shall be allowed to keep copies of all photographs taken of patients during the Study, for her own portfolio, which she may use to show future patients the beneficial effects of the Product following conclusion of the Study.